Final presentations of Startup Academy participants held in Sarajevo
Local Integrated Development (LID) project, primarily funded by the European Union (EU) and implemented by the United Nations Development Program (UNDP), supports the development of entrepreneurial skills and new startup ideas in Bosnia and Herzegovina through StartUp Academy.
The final event of the Startup Academy was held on Wednesday, January 17, 2018 in Sarajevo (UN House), where, for the first time, participants from Banja Luka, Celinac, Modriča, Mostar, Orašje, Srebrenik, Tuzla and Vareš presented their ideas for starting a new business.
Ten new business ideas were presented at the event. After the evaluation of the business plans by the selected Commission, the most successful ideas will be supported within the LID Project through the granting of non-refundable financial resources in an individual amount of up to 7,000.00 BAM. Non-refundable funds are intended for the costs of registration of companies and purchasing of fixed assets.
"The program of entrepreneurial skills development is based on the fact that it is very difficult for the new entrepreneurs to provide start-up capital for business. For this reason, UNDP has devised a training program that, in addition to theoretical and practical knowledge, enables participants to win financial resources to establish their own business. The entrepreneurial skills development program covered the most important topics such as market research, customer segmentation, product or service development, financial management, marketing, and the like. At the end of the program, all participants prepared a business plan. This presentation of business plans concludes the first cycle of the entrepreneurial skills development program," said Mr. Ismar Ćeremida, Coordinator for economic development at UNDP.
Startup Academy attendees and their business start-ups were next:
1. Ms. Alena Kovačević, Vareš, „AA&II Eko Energy - production of wood pellets“;
2. Mr. Đorđo Prljeta, Modriča, “Making and selling souvenirs, jewelry and decorative items”;
3. Edin Moranjkić, Srebrenik, “Recycling of secondary materials”;
4. Emir Bulić, Tuzla, “Confectionery Bueno”;
5. Gorana Pantić, Banja Luka, “Element of Style – design and modeling of garment constructions and prototype design”;
6. Jelena Golemac, Mostar, “Software application Sophico”;
7. Jelka Zane, Mostar, „Happy Factory - production and sale of souvenirs, small useful items and jewelry“;
8. Jovan Topić, Čelinac, „Topex - production of expanded polystyrene dish“;
9. Mirza Rustempašić, Orašje, “Fruit – fruit drying”;
10. Tomislav Adžić, Čelinac, „Valex - pellet lines“.
"At first it was clear that UNDP engaged highly competent staff for entrepreneurship lectures and trainings, but I did not realize that my newly founded company would get this level of support that I could only dream of. Many times during the Academy I thought that the training through which I presented all the information relevant to my current and future business was a huge gift. Therefore, I can only thank you one more time for marking my entrepreneurial path with timely guidelines," said Mr. Emir Bulić from Tuzla who presented his idea of confectionery production "Bueno" at the event.
The Local Integrated Development Project (LID) is a three-year initiative (2016-2018) funded primarily by the European Union (EU) and implemented by the United Nations Development Program (UNDP) in cooperation with the Ministry of Human Rights and Refugees of Bosnia and Herzegovina ( BiH), the Ministry of Development, Entrepreneurship and Crafts of the Federation of Bosnia and Herzegovina (FBiH), the Ministry of Administration and Local Self-Government of Republika Srpska (RS) and two Entity Associations of Cities and Municipalities. The LID Project is implemented in 21 local self-government units (JLS) in BiH.